Peakstone Realty Trust to Merge for $21.00/Share

Peakstone Realty Trust has filed a preliminary proxy statement for a special meeting to vote on an Agreement and Plan of Merger dated February 2, 2026. The merger structure includes a partnership merger followed immediately by a company-level REIT merger.

If the company merger is completed, holders of Peakstone common shares will receive $21.00 in cash, without interest, subject to adjustments described in the proxy materials. The surviving entity and surviving partnership will be controlled by BSREP V Neon Pooling REIT.

Shareholders will also vote on an advisory proposal regarding merger-related compensation for named executive officers and an adjournment proposal if additional proxies are needed.